📈 $SOXL Long 50x | The Price Has Come Back to the Exact Zone I Was Waiting For — Now It’s Only a Matter of Waiting for the Buyers to Speak
SOXL is moving into the 123.16 – 123.80 zone, an area I consider the decisive spot for setting up this Long. I’m not buying just because the price “looks cheap”—I’m waiting for the market’s real reaction from the buyers before continuing to hold the position.
🎯 My plan:
⟶ Entry: 123.16 – 123.80
• TP1: 125.78
• TP2: 127.31
• TP3: 129.61
⛔ SL: 120.41
What’s notable is that the larger timeframe trend is still tilted upward. RSI on the 15m around 60 still has room, while volume is reaching about 4.02x the expected level—suggesting that money flow is truly participating.
But remember: the entry zone is not a blind buy signal. If price fails to hold this area and the buyers don’t confirm, I’ll accept that I’m wrong and exit according to the SL.
For me, a good trade isn’t one that’s a guaranteed win—it's one with a clear entry point, a clear invalidation point, and expected profit that’s worth the risk.
Now let’s see if $SOXL will bounce up from this zone, or if the sellers will break the entire setup. 👇